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Retirement Plans (Tables)
3 Months Ended
Mar. 30, 2025
Net Periodic Pension and Postretirement Benefit Costs

For the three months ended March 30, 2025 and March 31, 2024, Teradyne’s net periodic pension cost was comprised of the following:

 

 

 

For the Three Months Ended

 

 

 

March 30, 2025

 

 

March 31, 2024

 

 

 

United
States

 

 

Foreign

 

 

United
States

 

 

Foreign

 

 

 

(in thousands)

 

Service cost

 

$

214

 

 

$

124

 

 

$

231

 

 

$

117

 

Interest cost

 

 

1,709

 

 

 

262

 

 

 

1,647

 

 

 

246

 

Expected return on plan assets

 

 

(1,317

)

 

 

(22

)

 

 

(1,268

)

 

 

(16

)

Total net periodic pension cost

 

$

606

 

 

$

364

 

 

$

610

 

 

$

347

 

Postretirement Benefit Plans  
Net Periodic Pension and Postretirement Benefit Costs

For the three months ended March 30, 2025 and March 31, 2024, Teradyne’s net periodic postretirement benefit cost was comprised of the following:

 

 

 

For the Three Months
 Ended

 

 

 

March 30,
2025

 

 

March 31,
2024

 

 

 

(in thousands)

 

Service cost

 

$

10

 

 

$

10

 

Interest cost

 

 

73

 

 

 

73

 

Amortization of prior service credit

 

 

(2

)

 

 

(2

)

Special termination benefits

 

 

684

 

 

 

292

 

Total net periodic postretirement benefit cost

 

$

765

 

 

$

373